Nov 11, 2012 6:00pm EST
to expire at the end of the year. lindy paul is our guest. "washington journal" host: [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> our guest is grover norquist. president of americans for tax reform. plans. our panel of journalists, steven sloan from "politico" and russell berman from "the hill." >> thank you for being here. i want to talk about your interpretation of the election and what it means for the direction of tax policy. >> we had a split decision appeared the president won by two points. he won by 7.2 years ago against a war hero. he had 9 million fewer votes. he is a lame duck now. he said he was interested in raising taxes a year from now on anyone. his physician from four years -- position from four years ago was that they would not raise taxes on anyone. he was very clear and no taxes if you made less than $250,000. this year august 8, he started with a new framework. my plan is that i will not raise taxes on anyone who earns less than $250,000 a year. he is only promising not to raise income taxes. this d
Nov 18, 2012 10:00am EST
that the benefits of society. where are there areas that your people would prefer that washington doesn't ago? guest: our membership wants to see the details before they take a position. they have talked broadly about the value of a reformed tax system where you lower rates but then make the tax code simpler and fairer and that includes reducing or eliminating certain deductions. people not there has when that broad statement is made by the when the rubber hits the road, that particular item or exclusion or deduction, it might hit your your industry. we believe in the best interests of the country and the best interests of the economy and avoiding the fiscal clef or digging out of these holes more broadly that tax reform in that direction should be on the table but our members have not taken a position yet on specific exemptions. g>> do you have any personal thoughts on tax increases? would there be a certain number that is acceptable? guest: i don't think there is a desire to increase capital gains taxes. if we want to encourage investment, we want people hold investments and reward that. i don't k
Nov 18, 2012 6:00pm EST
of the people you are now representing where are their areas they would prefer that washington don't go? >> well, our membership wants to see the details before they take a position on any potential package. reducing and eliminations certain deductions and credits. that sounds good. people nod their heads. but the rubber hits the road when it hits you or your industry. so we believe in the best interest of the country and economy and avoiding the fiscal cliff and digging out of the holes more broadly, tax reform with that direction should be on the table. >> do you have any personal thoughts on tax rate increases for capital gains, a certain number? >> well, i don't think there is a desire to increase the capital gains tax. from my perspective we want to encourage investments. we want to reward that. one of the deductions that is very important is business interest deduction. if you didn't allow businesses to deduct interests, that happened to have a severe effect on the economy so businesses can capitalize and start and grow. have you to be careful how you do it at a time we need it the most.